U.S. stock futures struggled for direction as investors awaited clues from Fed officials about plans to ease stimulus measures
U.S. stock futures struggled for direction Tuesday as investors awaited clues from Federal Reserve officials about plans to ease stimulus measures.
Futures tied to the S&P 500 inched up less than 0.1%, while Dow Jones Industrial Average futures wavered between small gains and losses. On Monday,amid unease about the state of the economic recovery. Nasdaq-100 futures rose 0.1% Tuesday. In out-of-hours trading, AMC Entertainment Holdings rose almost 9% after one of the original meme stocks said Monday it was planningthat are aimed at appealing to its loyal following of Reddit investors, including accepting bitcoin. Clover Health, another meme stock popular with Reddit-based investors, rose 5%.
SmileDirectClub slumped over 15% in off-hours trading. The direct-to-consumer teeth-straightening business said Monday that quarterly revenue fell short of its expectations after taking a heavy hit from an April cyberattack. Moderna gained 2% premarket. The biotech company’s shares had already jumped 17% Monday after two reports showed that its Covid-19 vaccine was more effective against the Delta variant than a rival shot made by Pfizer and BioNTech.
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